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Dubai News Club > Business > Dubai looks to restart mothballed luxury developments for wave of wealthy incomers
Business

Dubai looks to restart mothballed luxury developments for wave of wealthy incomers

Press Room
Last updated: 2022/08/21
Press Room
Published: August 21, 2022
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Dubai developers are dusting off plans for long-dormant projects as demand for luxury property surges from a wave of wealthy new arrivals to the Gulf city-state.

State and government-related real estate firms are looking to restart projects that failed in the wake of the city’s debt crunch during the global financial crisis. These include the mothballed man-made Palm Jebel Ali island and the stunted towers of Dubai Pearl, a long-delayed development at the entrance to another famous…

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